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brooklynite

(96,769 posts)
Tue Jun 11, 2024, 06:18 PM Jun 11

Apple stock surges to record high after AI announcements

Source: Yahoo Finance

Apple's (AAPL) stock surged 7% on Tuesday to reach a record-high close for the first time in 2024 as investors digested the announcement of its AI platform, Apple Intelligence.

After the stock fell on Monday during and after the company's WWDC conference, the stock moved higher, notching its best single-day performance since November 2022, as some Wall Street analysts cheered the company's announcements.

"If you look at the signal away from the noise, you realize that this is unprecedented capability that Apple is going to introduce and it's going to integrate AI into everyday life," D.A. Davidson managing director Gil Luria told Yahoo Finance (video above).

Following Monday's event, Luria upgraded Apple to Buy from Neutral and raised his price target to $230 from $200.


Read more: https://finance.yahoo.com/news/apple-stock-surges-to-record-high-after-ai-announcements-150325922.html



Every year I give away shares to charity to avoid Capital Gains and every year the net value goes back up.....
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Apple stock surges to record high after AI announcements (Original Post) brooklynite Jun 11 OP
Stockholders think it translates into more profits FakeNoose Jun 11 #1
Same here. It really warps the value of the portfolio question everything Jun 11 #2
Wonder how much of that volume is automated trading? NotASurfer Jun 11 #3
Up another 32 points today. brooklynite Jun 12 #4

FakeNoose

(33,995 posts)
1. Stockholders think it translates into more profits
Tue Jun 11, 2024, 06:20 PM
Jun 11

What about increased liability? Who is doing the oversight?

NotASurfer

(2,217 posts)
3. Wonder how much of that volume is automated trading?
Tue Jun 11, 2024, 07:14 PM
Jun 11

You know, where AI is in charge of the decision to invest in companies peddling AI?

AI just can't be that smart already?

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